Who's in charge?
Cyanotech is run by president and chief executive Brent Bailey (left) - a former president of Pharmavite who took the helm at Cyanotech in January 2011; chief science officer and executive VP Gerry Cysewski, PhD (middle) a chemical engineer and bio-engineering specialist who co-founded the company in 1983; and VP sales and marketing Bob Capelli (right) who joined in 2002.
The firm, which has just secured a $5.5m loan from Pacific Rim Bank in Honolulu, Hawaii, says the money will be used on new admin and warehouse buildings, plus supercritical carbon dioxide extraction equipment, which will enable Cyanotech to bring the astaxanthin extraction process in-house, says Bailey.
“The extraction process is currently being performed for us by outside partners. Bringing this capability in house will make us a vertically integrated natural astaxanthin supplier and is expected to reduce processing time and lower costs.”